is trading.....maybe!!
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I'm behind on my paper reading....but saw this last night from Jan 30th:
“It’s time to give America a raise,” Obama told a few hundred people in the Lanham, Md., store, surrounded by stacks of paper towels and garbage bags. “Just last year alone, workers earning the minimum wage basically got the equivalent of a $200 pay cut because the minimum wage stayed the same, but costs of everything else are going up.”
Read more here: http://www.mcclatchydc.com/2014/01/29/216259/at-costco-obama-pitches-minimum.html#storylink=cpy
NO SHIT SHERLOCK.....it's not just minimum wage earners....THE COSTS GOING UP EFFECT EVERYBODY!!!
hi there sweetie!
friend coming back to trade today....
Fronrunning:
Frontrunning: February 5
Tyler Durden's pictureSubmitted by Tyler Durden on 02/05/2014 07:51 -0500
Activist Shareholder Afghanistan BAC Bill Gates Canadian Dollar China Chrysler Congressional Budget Office Deutsche Bank Dubai European Central Bank Fannie Mae Florida Ford Freddie Mac GOOG Google Hong Kong India Japan JPMorgan Chase Keefe LIBOR Lloyds Morgan Stanley Portugal Puerto Rico Restricted Stock Reuters Royal Bank of Scotland Saudi Arabia Securities and Exchange Commission Spansion TARP Time Warner Toyota Ukraine Volatility Yen
inShare
Goldman to Fidelity Call for Calm After Global Stock Wipeout (BBG)
Turnabout on Global Outlook Darkens Investor Mood (Hilsenrath)
EU Said to Weigh Extending Greek Loans to 50 Years (BBG)
Second Storm Hitting Northeast Halts Planes, Schools (BBG)
Small Banks Face TARP Hit (WSJ)
As Sony prepares PCs exit, pressure mounts for reboot on TVs (Reuters)
IBM Uses Dutch Tax Haven to Boost Profits as Sales Slide (BBG)
ECB faces dilemma with inflation drop (FT)
London Subway Strike Snarls Traffic as Union Opposes Cuts (BBG)
Ukraine Aid Limbo Deepens Reserves Squeeze: East Europe Credit (BBG)
US says China ‘acting professionally’ in air defence zone (FT)
Europe’s Investment Bankers Mark Worst January in Decade (BBG)
Deutsche Bank Fires Traders Amid Currencies Probe (WSJ)
Overnight Media Digest
WSJ
* Satya Nadella is Microsoft Corp's new CEO. But he ascends as co-founder Bill Gates returns to a more central role at a company struggling to catch up in mobile and other fast-moving technologies.
* The new health law is projected to reduce the total number of hours Americans work by the equivalent of 2.3 million full-time jobs in 2021, a bigger impact on the workforce than previously expected, according to a nonpartisan congressional report. The analysis, by the Congressional Budget Office, says a key factor is people scaling back how much they work and instead getting health coverage through the Affordable Care Act.
* Small banks across the United States are facing a crunch-time decision over federal aid received during the financial crisis: repay the funds soon or face a steeper interest-rate bill.
* Morgan Stanley agreed to pay the top U.S. housing regulator $1.25 billion, the largest legal expense for the Wall Street firm relating to the financial crisis, to settle a lawsuit that it sold mortgage bonds to Fannie Mae and Freddie Mac without adequately disclosing their risks.
* Target Corp's chief financial officer told Congress that software on another 25 checkout machines continued to steal payment-card data three days after the discounter had said the malware was removed.
* RadioShack Corp plans to close about 500 stores in the coming months as the electronics retailer continues to work with advisers on its restructuring.
* J.C. Penney Co Inc's sales rose just 2 percent in its latest quarter, renewing fears about the retailer and sending its stock down sharply.
* The United States is lagging behind other developed nations in the international race to place more women on corporate boards. While the ranks of female directors at big public companies are growing faster in several countries, thanks to legal mandates or extensive voluntary efforts.
* The United States' budding commercial space industry has sparked an intense debate over the extent to which the federal government should regulate private space flights for tourists and orbital-vehicle operations.
* Sony Corp is in talks to sell its unprofitable Vaio personal computer operations to a Japanese investment fund.
* Bristol-Myers Squibb threatened to cut jobs at two French plants after the government said it planned to seek wider use of cheaper generics.
* Time Warner Inc plans to lay off just under 500 employees, or about 6 percent of its global staff, as part of a broader effort to simplify the operating structure of its magazines, a person close to the company said.
* Adidas AG sued rival Under Armour Inc on Tuesday, alleging it infringed on 10 Adidas patents used in the German company's fitness tracking system called miCoach.
* Medical researchers around the world are embracing genetic-sequencing technologies. Among the most eager are scientists in Saudi Arabia, which is plagued with diseases that have genetic roots.
* Toyota Motor Corp said solid vehicle sales and a sharply weaker yen pushed its net profit up more than fivefold in the latest quarter, prompting it to forecast a record profit for the full fiscal year.
* Google Inc has awarded $100 million in restricted stock to Executive Chairman and former CEO Eric Schmidt, as well as a cash bonus of $6 million tied to the search giant's 2013 performance.
* BP Plc's fourth-quarter profit fell 25 percent, hit by lower refining margins and lost income from asset sales, as the company continued to try to recover from the Deepwater Horizon explosion and oil spill.
* Michael Kors Holdings Ltd reported a big jump in profit for its fiscal third quarter and said it planned to expand men's clothing and accessories into a $1 billion business, a move that could further dent rival Coach Inc .
* Chrysler Group said its Ram 1500 EcoDiesel truck has earned a U.S. Environmental Protection Agency-estimated rating of 28 miles a gallon in highway driving, setting a new bar to top for truck brands, and especially Ford Motor Co's lightweight, aluminum-bodied F-150, due out later this year.
* Panasonic Corp saw a double-digit rise in profit for the third quarter, as stellar growth in a string of lesser-known niche businesses offset the decline of its vaunted television business.
* Christie's has withdrawn 85 artworks by Spanish surrealist Joan Miro from its auctions in London this week, after an uproar in Portugal over the government's move to sell the works in an attempt to cut its debt.
* Both sides declared victory after jurors delivered a mixed verdict on a civil lawsuit brought by the Securities and Exchange Commission against Life Partners Holdings Inc a Texas seller of life-insurance investments.
* A small group of investors are pressuring Yahoo Inc to revise its approach to hiring and compensation following Chief Executive Marissa Mayer's expensive firing of her No. 2 executive.
FT
The chief executive of Britain's financial watchdog warned on Tuesday that the global investigation into the manipulation of the foreign exchange market was proving as serious as the Libor rigging probe, which has resulted in more than $6 billion of fines for banks.
Morgan Stanley has been forced to restate its fourth-quarter earnings after saying it would pay $1.3 billion to the U.S. regulator for Fannie Mae and Freddie Mac to settle a lawsuit related to the sale of mortgage-backed securities.
Microsoft has named 46-year-old India native Satya Nadella as its third chief executive in the company's 39-year history, ending a long-running search that had brought calls for an outsider who could revive the aging technology pioneer.
Stephen Hester, a former Royal Bank of Scotland boss, has been appointed chief executive of scandal-hit insurer RSA with immediate effect.
Shares in Michael Kors rose nearly 21 percent after the retailer raised its sales and profit forecasts for the year as it reported third-quarter sales in Europe had more than doubled.
NYT
* Bill Gates, who co-founded Microsoft but has spent his time on other pursuits, will return part-time to the company after the new Chief Executive, Satya Nadella, asked him to be his adviser.
* Insurer WellPoint Inc has captured a large portion of the government money being spent on Medicaid, the federal-state health care program for the poor, and can gamble on the new insurance marketplace because of protections offered by the federal government in the early days of the law's introduction.
* JPMorgan Chase & Co can write off $1.5 billion in debt relief, but it will be treated as taxable income for homeowners, resulting in burdensome costs for many families.
* Morgan Stanley has agreed to pay $1.25 billion to the Federal Housing Finance Agency to resolve claims that it sold shoddy mortgage securities to Fannie Mae and Freddie Mac.
* Texting has become such a fundamental way to communicate that crisis groups have begun to adopt it as an alternative way of providing emergency services and counseling.
* A Congressional Budget Office analysis released Tuesday predicted that the Affordable Care Act would shrink the work force by the equivalent of more than two million full-time positions and recharged the political debate over the health care law, providing Republican opponents fresh lines of attack and putting Democrats on the defensive.
* Standard & Poor's downgraded the debt of Puerto Rico to junk status on Tuesday, intensifying a cash squeeze for the commonwealth, whose financial condition is of outsize importance to the rest of the United States because its debt is widely held by individual investors through mutual funds.
* A top executive of Target told a Senate committee on Tuesday that the company was accelerating plans to adopt a technology widely used in Europe but rare in the United States that reduces potential for credit card fraud, and lawmakers from both parties called on other businesses to do the same.
* After enduring huge recalls, a tsunami in Japan and a steep drop in sales because of slowing demand, Toyota Motor Corp on Tuesday hit a milestone in its comeback, saying it was on pace to earn its biggest-ever annual profit in its fiscal year that ends in March.
* The first quarterly increase in two years for comparable-store sales at J.C. Penney was not enough to win over Wall Street. The company's stock plunged more than 10 percent on Tuesday.
* Without clear information on Herbalife's business model, the speculation in its stock creates extreme volatility as investors trade on rumor.
* A strong earnings report by Michael Kors Holdings Ltd not only drove up the stock on Tuesday, but also increased Kors's net worth by about $34 million.
* Sachem Head Capital Management, a $1 billion activist hedge fund led by a protege of William Ackman, sent a public letter to Helen of Troy Ltd board on Tuesday, demanding that the consumer company explore strategic alternatives including a sale of some of its assets.
* Stephen Hester, who took the top job at Royal Bank of Scotland Group Plc after a government bailout in 2008, replaces Stephen Lee, who resigned as chief of the RSA Group after a profit warning and a 200 million pound shortfall in the reserves related to its Irish business.
* More than a year ago, UBS AG pledged to overhaul its investment bank after a prominent trading loss and a rate-rigging scandal. Those efforts appeared to be bearing fruit, based on the bank's latest earnings report released Tuesday.
* After taking off for the Chinese New Year holiday, shareholders in Lenovo Group Ltd appear to be having some cold feet about the computer maker's recent deal spree. Shares in the company tumbled more than 16 percent in trading on the Hong Kong Stock Exchange on Tuesday.
* James Bardrick, a veteran banker in London, has been named head of Citigroup's business in Britain.
Canada
THE GLOBE AND MAIL
* The Conservative government is overhauling the rules that govern how Canadians vote and run for office by cracking down on rogue robocalls that have embarrassed the Tories and increasing by 25 percent the maximum allowable contributions to parties.
* The Royal Canadian Mounted Police has laid criminal charges as part of its probe into senators' expenses, ensuring the controversy over the conduct of Canada's unappointed legislators will continue for months to come.
Reports in the business section:
* Air Canada and WestJet Airlines Ltd, Canada's two largest airlines, are raising fares to make up for a lower Canadian dollar, in one of the first tangible signs that a falling currency is adding costs to business.
* Wal-Mart Stores Inc's Canadian venture is racing to add more low-cost items, especially fresh produce and meat, to even more outlets. In the process, the company is stealing business from incumbents, forcing them to lower their costs.
NATIONAL POST
* A Tunisian scientist awaiting trial for allegedly plotting a terrorist attack on a passenger train near Toronto lashed out at the Canadian government in an interview, accusing it of "colonizing" Afghanistan. Chiheb Esseghaier did not directly admit he had conspired to derail the train but neither did he deny it.
* The Manitoba Teachers' Society says Ottawa should appoint a third-party manager to address chronic financial problems at the Sandy Bay reserve, where teachers say their paycheques have bounced, retirees can't get access to their pensions and those who are ill can't get disability benefits.
FINANCIAL POST
* Suncor Energy Inc is tapping U.S. Gulf Coast crudes and bringing more oil to its Montreal refinery by rail as it waits for pipelines to connect Eastern Canada with Western Canadian oil fields.
* BlackBerry Ltd should be cash flow positive by the fourth quarter of fiscal 2015 and spending may end up below previously announced plans, CIBC World Markets analyst Todd Coupland said after meeting with the company's CFO, James Yersh.
Britain
The Telegraph
FCA WIDENS RIGGING PROBE TO OTHER BENCHMARK RATES
Regulators are investigating allegations that several London-based benchmarks used to price financial products could have been rigged, according to Martin Wheatley, the chief executive Britain's Financial Conduct Authority.
PUNCH TAVERNS IN LAST MINUTE PLEA TO LENDERS OVER DEBT DEAL
Punch Taverns, Britain's second biggest pubs group, will warn its lenders on Wednesday that failure to pass a controversial debt restructuring deal could lead to at least five years of "mess" and "uncertainty".
CANDY BROTHERS PLAN MAJOR DUBAI DEVELOPMENT
Billionaire property developer brothers Nick and Christian Candy have plans to partner a development of 3 million square feet in Dubai that, if completed, would be about three times the size of the London Shard.
The Guardian
UK SHOP PRICES FALL FOR NINTH CONSECUTIVE MONTH
Prices in Britain's shops fell at the fastest rate in more than seven years in January as retailers resorted to aggressive discounting on clothing, furniture and electrical goods to encourage consumers back into stores after the festive period.
HOUSING CRISIS WILL CONTINUE FOR 10 YEARS, GEORGE OSBORNE WARNS
British Finance Minister George Osborne has warned that the country's housing shortage is likely to persist for at least 10 more years. He insisted the coalition's controversial planning shakeup was having a positive effect, and played down fears of a property bubble.
The Times
BP COULD CUT INVESTMENT IN INDEPENDENT SCOTLAND
The chief executive of BP has waded into the row over Scottish independence by warning that the British oil group could cut investment in the North Sea if Scots vote "yes"in September's referendum.
LLOYDS PLANS FOR SHARE SALE DESPITE DIVIDEND SETBACK
Ministers are pushing ahead with plans for a 5 billion pound ($8 billion) sale of shares in Lloyds Banking Group by Easter, in spite of a tough stance from regulators that have dashed the bank's hopes it could resume dividend payments next month.
The Independent
TALKTALK UP TO 436 MLN STG AS MORE TUNE INTO VALUE DEALS
Telecom company TalkTalk's strategy of dodging the costly pay-TV wars between BSkyB and BT and offering "value" deals for customers who only want "a little bit" of premium TV content looks to be working.
MICROCHIP MAKER ARM HOLDINGS HIT BY SMARTPHONE SALES SLOWDOWN
Microchip-designer ARM added to fears of a slowdown in the smartphone market today, as it revealed flagging shipments of high-end smartphone chips in the fourth quarter.
Fly On The Wall 7:00 AM Market Snapshot
ECONOMIC REPORTS
Domestic economic reports scheduled for today include:
ADP employment report for January will be reported at 8:15--consensus 170,000
ISM non-manufacturing index for January will be reported at 10:00--consensus 53.9
ANALYST RESEARCH
Upgrades
American Capital Agency (AGNC) upgraded to Overweight from Neutral at JPMorgan
Archer Daniels (ADM) upgraded to Buy from Neutral at Citigroup
Archer Daniels (ADM) upgraded to Outperform from Sector Perform at Scotia Capital
Banco Bilbao (BBVA) upgraded to Overweight from Neutral at HSBC
Becton Dickinson (BDX) upgraded to Market Perform from Underperform at Raymond James
BlackRock (BLK) upgraded to Positive from Neutral at Susquehanna
Centene (CNC) upgraded to Neutral from Sell at Citigroup
Church & Dwight (CHD) upgraded to Outperform from Market Perform at BMO Capital
First Niagara (FNFG) upgraded to Neutral from Sell at Citigroup
Gray Television (GTN) upgraded to Outperform from Market Perform at Wells Fargo
Hartford Financial (HIG) upgraded to Outperform from Market Perform at Keefe Bruyette
JD Wetherspoon (JDWPY) upgraded to Overweight from Equal Weight at Barclays
Lamar Advertising (LAMR) upgraded to Buy from Neutral at Citigroup
Mobile TeleSystems (MBT) upgraded to Neutral from Underperform at Credit Suisse
Myriad Genetics (MYGN) upgraded to Market Perform from Underperform at JMP Securities
Northfield Bancorp (NFBK) upgraded to Outperform from Market Perform at Keefe Bruyette
PACCAR (PCAR) upgraded to Outperform from Neutral at RW Baird
Silver Standard (SSRI) upgraded to Hold from Sell at Deutsche Bank
Steel Dynamics (STLD) upgraded to Buy from Hold at Jefferies
Tortoise Energy (TYG) upgraded to Buy from Hold at Stifel
Vale (VALE) upgraded to Overweight from Equal Weight at Morgan Stanley
Waddell & Reed (WDR) upgraded to Buy from Neutral at Citigroup
Wesco Aircraft (WAIR) upgraded to Neutral from Sell at UBS
Wynn Macau (WYNMF) upgraded to Buy from Hold at Deutsche Bank
Zillow (Z) upgraded to Buy from Fair Value at CRT Capital
Downgrades
AGCO (AGCO) downgraded to Market Perform from Outperform at BMO Capital
Actuate (BIRT) downgraded to Hold from Buy at Drexel Hamilton
Angie's List (ANGI) downgraded to Neutral from Buy at BofA/Merrill
CSG Systems (CSGS) downgraded to Underweight from Neutral at JPMorgan
Century Aluminum (CENX) downgraded to Market Perform from Outperform at Cowen
ITC Holdings (ITC) downgraded to Neutral from Buy at ISI Group
Oasis Petroleum (OAS) downgraded to Buy from Conviction Buy at Goldman
Sirius XM (SIRI) downgraded to Hold from Buy at Wunderlich
Triumph Group (TGI) downgraded to Neutral from Buy at BofA/Merrill
Initiations
Fossil (FOSL) initiated with a Neutral at Sterne Agee
TRW Automotive (TRW) initiated with a Neutral at UBS
HOT STOCKS
Morgan Stanley (MS) in $1.25B settlement with FHFA on MBS
JPMorgan (JPM) to pay $614M for False Claims Act violations
Google (GOOG) made additional guarantee to settle EC antitrust probe
3M (MMM) authorized $12B share repurchase program
Amazon (AMZN) announced new licensing agreements with Hasbro (HAS), Warner Bros. (TWX)
Time Warner (TWX) board authorized a total of $5B in share repurchases beginning January 1
Myriad Genetics (MYGN) to acquire Crescendo Bioscience for $270M cash
Oshkosh (OSK) increased share repurchase authorization by 10M shares
EARNINGS
Companies that beat consensus earnings expectations last night and today include:
M.D.C. Holdings (MDC), W.R. Grace (GRA), Time Warner (TWX), HNI Corporation (HNI), Mueller Water (MWA), Atmos Energy (ATO), Genworth (GNW), Hillenbrand (HI), Atwood Oceanics (ATW), Aflac (AFL), Horace Mann (HMN), Ameriprise (AMP), Gilead (GILD), Buffalo Wild Wings (BWLD)
Companies that missed consensus earnings expectations include:
Humana (HUM), Heartland Express (HTLD), Eagle Materials (EXP), C.H. Robinson (CHRW), Electro Scientific (ESIO), Thoratec (THOR), Genomic Health (GHDX)
Companies that matched consensus earnings expectations include:
NICE Systems (NICE), Cerner (CERN), Spansion (CODE), Axcelis (ACLS), Hain Celestial (HAIN)
NEWSPAPERS/WEBSITES
Target (TGT) says data breach continued when it thought it ended, WSJ reports
Yahoo (YHOO) sites experienced outages yesterday, Re/code reports
Autonomy hits back at fraud allegations from HP (HPQ), FT reports
Volkswagen (VLKAY) mulls increasing Scania stake, Bloomberg reports
Deutsche Bank (DB) fired three New York-based forex traders, Reuters reports
Adidas (ADDYY) sues Under Armour (UA) over alleged patent infringement, Reuters reports
Judge delays BofA's (BAC) $8.5B mortgage settlement, Reuters reports
Michael Kors (KORS) renews focus on menswear, WSJ reports
Casinos (LVS, GEBHY) take on Disney (DIS) over Florida growth, Bloomberg reports
SYNDICATE
Athlon Energy (ATHL) files to sell 12M shares of common stock for holders
Auspex Systems (ASPX) 7M share IPO priced at $12.00
Biocept (BIOC) 1.9M share IPO priced at $10.00
Continental Building Products (CBPX) 11.8M share IPO priced at $14.00
Idera Pharmaceuticals (IDRA) files to sell common stock and pre-funded warrants
YRC Worldwide (YRCW) files to sell 20.06M shares of common stock for
Average:
0
Your rating: None
Pre Market Movers
Top Gaining Stocks
Price %Change
SEV Sevcon Inc. 8.94 20.00%
MYGN Myriad Genetics I... 31.32 15.23%
DATA Tableau Software ... 90.99 14.55%
OMER Omeros Corporatio... 12.50 11.11%
IMO Imperial Oil Ltd.... 45.14 10.23%
TPLM Triangle Petroleu... 8.00 8.25%
NBG National Bank of ... 4.80 7.38%
MUX Mcewen Mining 2.67 7.23%
GALE Galena Biopharma ... 4.50 6.13%
PAAS Pan American Silv... 13.34 5.04%
SWIR Sierra Wireless I... 21.65 4.54%
ANIK Anika Therapeutic... 32.75 4.43%
CKSW Clicksoftware Tec... 9.00 4.29%
IDIX Idenix Pharmaceut... 7.00 4.01%
INCY Incyte Corp. 65.00 3.29%
MU Micron Technology... 23.75 3.26%
TZA Direxion Daily Sm... 19.99 2.94%
MRK Merck & Co. Inc. ... 55.05 2.88%
ORMP Oramed Pharmaceut... 15.61 2.83%
NVO Novo Nordisk A/s ... 40.60 2.58%
Top Losing Stocks
Price %Change
HAIN Hain Celestial Gr... 85.15 -6.42%
BBG Bill Barrett Corp... 26.00 -6.10%
AGEN Agenus Inc. 2.73 -5.86%
RPTP Raptor Pharmaceut... 14.57 -4.90%
CTSH Cognizant Technol... 92.35 -4.80%
ONVO Organovo 8.94 -3.77%
MPEL Melco Crown Enter... 38.22 -3.66%
SYT Syngenta AG Ads 67.50 -3.57%
KMDA Kamada Ltd. 15.30 -3.53%
LVS Las Vegas Sands 72.50 -3.37%
BRZU Direxion Daily Br... 13.00 -3.02%
CENX Century Aluminum ... 11.31 -2.84%
EXTR Extreme Networks ... 6.85 -2.70%
WYNN Wynn Resorts Ltd ... 208.00 -2.60%
ARIA Ariad Pharmaceuti... 6.82 -2.57%
JBLU Jetblue Airways C... 8.50 -2.52%
BIRT Actuate Corporati... 7.10 -2.20%
QCOM Qualcomm, Inc. 71.02 -2.05%
XIV Velocityshares Da... 26.49 -1.96%
TNA Direxion Daily Sm... 64.23 -1.82%
Read more at http://thestockmarketwatch.com/markets/pre-market/#D8bObfzsxJMBHwkb.99
data:
MBA Purchase Applications
[Report][Bullet7:00 AM ET
ADP Employment Report
[Report][djStar]8:15 AM ET
Gallup U.S. Job Creation Index
[Bullet8:30 AM ET
Treasury Refunding Announcement
[Bullet9:00 AM ET
3-Yr Note Announcement
[Bullet9:00 AM ET
10-Yr Note Announcement
[Bullet9:00 AM ET
30-Yr Bond Announcement
[Bullet9:00 AM ET
Daniel Tarullo Speaks
10:00 AM ET
ISM Non-Mfg Index
[Report][djStar]10:00 AM ET
EIA Petroleum Status Report
[djStar]10:30 AM ET
Charles Plosser Speaks
12:30 PM ET
Dennis Lockhart Speaks
1:40 PM ET
futures -23
good morning
but it's my job to double check/add/remove stuff I use.....
shame on me!
but not that I would have held thru e/r anyway....
I'm just seeing it myself....I've been copying that list...
feel like a schoolkid copying the wrong homework....
crap....and it wasn't on the list I copied...
see what happens when you copy! link back
Tuesday:
Pre Market - BP, ADM, HCA, IP, UPS, EMR, ETN, DLPH, AGCO, CNC, ACM, BDX, BSX, R, FIS, AXe, SE, GCI, ABG, CLX, MHFI, SIRI, XYL, KORS, CHD, ACI, CME
After Hours - AFL, CHRW, AMP, GILD, BSAC, UNM, GNW, GAS, ATO, CERN, EQR, CVD, DV, BWLD
$MYGN wow....+15% or +4.34
Natural gas closes nearly 10% higher; oil rebounds
Natural-gas prices mark first gain in four sessions; Nymex oil back above $97
http://www.marketwatch.com/story/oil-claws-back-ground-but-remains-under-pressure-2014-02-04?dist=markets
$UGAZ ~ my tweet fr yesterday
omg...
+7.60 today
sdh ?@sdh_ihub 21h
$UGAZ ~ did try to buy some this a.m., but merrill doesn't even trade it...good grief!
agree....thinking that is where to put more of my other half....
JCP hit all time lows of 4.90 I see....
DJIA +60
yes....the devil is...
we are left to trade on whatever number they report....only to see it adjusted higher or lower when the actual numbers come in a month later...
sigh....as it always has been...
I was just hoping since the fed is reducing QE we would be finished with:
Example: Good employement number = bad...because it might lead to QE easing
and back to:
good employment = good
but then again.....now that I'm thinking we might go to:
bad employment = good....because it might lead to the fed 'rethinking' it's QE easing?
who knows????
nice post you linked btw.....
back home finally.....I will be relying on charts more then normal to guide me on long-term purchases/re-evaluating my retirement mix....
Such as this:
DJIA weekly....bouncing off 50ma today....
A break of that could result in visiting the 100ma as it has in the past. Although the drop to that ma is bigger here then the prior drops.
DJIA monthly....
VIX ~ topped again 21ish
thank you DA for the great reply! I am heading out right now....I will post my thoughts to you this afternoon.....
quick note....it's all about the data now....no more...good data = bad...
we want to see good/improving numbers on all economic reports
Frontrunning:
Global makets plunge (Reuters)
Goodbye Mrs. Watanabe - Japan Sees Worst Developed-Stock Rout as Nikkei 225 Drops (BBG)
Who could have possibly predicted this - Firms Pinched by Pressure to Hold Down Their Prices (WSJ)
RBA Shifts to Neutral as It Signals Comfort With Aussie’s Level (BBG)
Fractures Emerge Between Obama, Congressional Democrats (WSJ)
Brazil suffers record trade deficit (FT)
One-year prison sentence for 21-year-old Twitter user who glorified terrorists (El Pais)
El Salvador fisherman washes up in Marshall Islands after year adrift (Reuters)
Apple Quietly Builds New Networks (WSJ)
UBS CEO Says Emerging-Markets Selloff Overdone as Investors Exit (BBG)
SAC's Mathew Martoma found ‘canary in coal mine’, court told (FT)
Going on 30, Living With Mom and Dad (BBG)
Heroin Use, and Deaths, Rise (WSJ)
Web companies give first look at secret government data requests (Reuters)
Spying Fears Abroad Hurt U.S. Tech Firms (WSJ)
Overnight Media Digest
WSJ
* Ten big drug companies that have spent billions racing one another to find breakthroughs on diseases like Alzheimer's have formed an unusual pact to cooperate on a government-backed effort to accelerate the discovery of new medicines.
* American companies are struggling with falling prices for a number of their key products amid intense competition and pressure from cost-conscious customers. Corporate revenues are showing the strain, whether from lower prices, weak demand or a combination of the two.
* The head of the nation's top telecommunications regulator conveyed skepticism about further consolidation in the wireless industry during a meeting with Sprint Corp board members on Monday, a person briefed on the meeting said.
* Revelations about NSA eavesdropping have given foreign governments an opening to restrict U.S.-based IT companies, which are being depicted as either too compliant with or complicit in the spying.
* Hewlett-Packard Co said it found major accounting errors in an audit of the 2010 financial statements of UK software maker Autonomy, the first significant evidence backing up HP's claim that Autonomy inflated its revenue and profit before the U.S. company acquired it.
* As Panasonic's vaunted television business fades, a string of lesser-known niche businesses-such as solar panels and airplane entertainment systems-are rising to take its place.
* Walt Disney's interactive-media unit is preparing to lay off several hundred people despite a strong launch for its videogame "Infinity."
* Heidrick & Struggles International Inc chose former Goldman Sachs Group Inc partner Tracy R. Wolstencroft as its first outside chief executive, concluding an unusually long search by the big executive-search company.
* A new Pew Research survey on Facebook Inc users, released 10 years after the social network's founding, sheds new light on how relationships are changing in the age of social media. While there are more people than ever using Facebook, only a small percentage of users are sharing details about their lives every day.
* U.S. regulators plan to require auto makers to equip new cars and trucks with technology that allows vehicles to communicate with each other to avoid crashes.
* Barrick Gold Corp and Goldcorp Inc the world's largest gold miners, are close to selling their jointly owned Marigold mine in Nevada for more than $250 million, according to a person familiar with the matter.
* Western Union Co will remain under the supervision of a monitor and faces the possibility of new financial penalties after Arizona's attorney general said the money-transfer company had failed to put in place sufficient controls to prevent money laundering.
* America's dominant tobacco company is getting serious about electronic cigarettes. Marlboro cigarette maker Altria Group Inc said Monday it will buy e-cigarette upstart Green Smoke Inc for $110 million in the latest sign the battery-powered devices are moving from fad to mainstay and pose a rising competitive threat to traditional smokes.
* Volkswagen AG is going to allow employees at its Chattanooga, Tennesse, plant to vote later this month on whether to unionize under an agreement it worked out with the United Auto Workers union.
* January's severe cold spell in the United States punished auto sales with industry volume falling for the first time since September and most major auto makers blaming the harsh weather for temporarily depressing vehicle demand.
* Duke Energy Corp on Monday said it is in talks to buy certain generating assets from a power utility in North Carolina.
* Intel Corp unveiled a series of changes to its executive compensation structure Monday, including boosting the number of management employees required to own stock.
* Lockheed Martin Corp is launching a new civilian version of its C-130J Super Hercules military cargo aircraft that a senior executive said could be available for energy and mining companies to supply remote areas with personnel and equipment by 2018.
FT
Billionaire John Malone, chairman of Liberty Global and Liberty Media, has held preliminary talks with Formula One backer CVC Capital Partners about buying a stake in the motor racing series, people familiar with the matter said.
U.S. technology company Hewlett-Packard has claimed that Autonomy, the British software company it bought for $11 billion in 2011, massively overstated its revenue and profit for the previous year.
UniCredit, Italy's biggest bank by assets, said it had sold 700 million euros ($943.98 million) of non-performing loans to AnaCap Financial Partners last December. The lender said the sale had an unspecified impact on its 2013 balance sheet.
The United States' two biggest carmakers by revenue, General Motors and Ford, posted lower January domestic sales figures, raising questions about the robustness of the U.S. auto boom.
Elliott Advisors has accumulated a 99 percent stake in British video game chain Game Retail, setting the fund manager up for a huge windfall if plans for a 300 million pound ($489.96 million) initial public offering are successful.
NYT
* "Gig City," as Chattanooga is sometimes called, has what city officials and analysts say was the first and fastest - and now one of the least expensive - high-speed Internet services in the United States.
* Poor numbers on factory orders and car sales left investors wondering if their view of the economy was too rosy, and the three major indexes each fell more than 2 percent.
* The jury is expected to start deliberating on Tuesday in the trial of Mathew Martoma, a former top portfolio manager at SAC Capital Advisors, accused of using insider information to make trades.
* Hewlett-Packard Co has disclosed to the authorities that it found what it said were serious accounting errors at Autonomy, the British software maker it acquired in 2011, leading to a number of major revisions in the acquired company's financial report for 2010.
* The federal government said on Monday that it planned to require all new cars to broadcast their location, speed, direction and other data, and to receive similar data from other vehicles, to warn drivers of impending collisions. But regulators cautioned that any new rules would be years away.
* Automakers reported on Monday sharp declines in United States sales in January as a harsh freeze and winter storms thwarted purchases across much of the country.
* In what will be one of the most closely watched unionization elections in the South in decades, Volkswagen AG announced on Monday that the 1,600 workers at its assembly plant in Chattanooga, Tennessee, will vote next week on whether to join the United Automobile Workers.
* Barclays Plc's chief executive, Antony Jenkins, said Monday that he would forgo a bonus for 2013 in light of the bank's continued restructuring costs and litigation expenses.
* Warburg Pincus plans to announce that it will invest up to $100 million in Dude Solutions, a provider of cloud-based software that helps schools, hospitals and government agencies manage building maintenance.
* Smith & Nephew, the British medical technology giant, has agreed to buy ArthroCare Corp, an American specialist in sports medicine, for an enterprise value of $1.5 billion.
Canada
THE GLOBE AND MAIL
* The head of Canada's foreign-intelligence electronic-eavesdropping agency, John Forster, has for the first time defended the government's secret surveillance programs that collect telecommunications "metadata," calling it fundamental for the Canadian government to pick out foreign terrorists and other targets. (http://link.reuters.com/fyx56v)
* Health authorities have stepped up a fight against a drug-resistant family of bacteria that has spread among a small number of patients in one unit at Royal Columbian Hospital in New Westminster. The Fraser Health Authority officially declared an outbreak on Monday, isolating patients in the ward and requiring medical staff to be gowned and gloved. (http://link.reuters.com/gyx56v)
Reports in the business section:
* A new study by the University of Toronto's environmental chemistry research group has suggested that the environmental health risks of oilsands operations in Alberta's Athabasca region have probably been underestimated. (http://link.reuters.com/jyx56v)
NATIONAL POST
* Gary Giroux, the lead detective investigating allegations of criminal activity involving Toronto Mayor Rob Ford, says the case is still "very active." Giroux said he has been commanded to "take the investigation any direction it goes involving criminality in the mayor or the mayor's office." (http://link.reuters.com/nyx56v)
FINANCIAL POST
* Canadian home prices are overvalued by 10 percent according to two new reports issued by Toronto-Dominion Bank and the International Monetary Fund on Monday. (http://link.reuters.com/ryx56v)
Britain
The Telegraph
BARCLAYS CHIEF ANTONY JENKINS DECLINES 2.7 MLN STG BONUS
Antony Jenkins, chief executive of Barclays, has turned down an annual bonus that could have been worth as much as 2.7 million pounds ($4.41 million), saying it "would not be right" to accept the award.
PUBLIC TO BE OFFERED LLOYDS SHARES AS EARLY AS MARCH
The public could be offered the chance to buy shares in Lloyds Banking Group as early as next month after the taxpayer-backed lender said it was in the advanced stages of preparing a prospectus for a retail offer.
RANDGOLD EYES ACQUISITIONS AND HIGHER GOLD PRODUCTION
London-listed African mining company Randgold Resources is on the lookout for acquisitions and plans to increase gold production amid a better-than-expected start to the year for the precious metal.
AMAZON'S UK SALES SLOW AMID CALLS FOR BOYCOTT
Amazon's sales growth in Britain slowed last year amid calls from members of Parliament and consumer groups to boycott the online retailer over its low UK tax payments.
The Guardian
AUTONOMY'S UK PROFITS 'OVERSTATED BY 80 PCT', HEWLETT-PACKARD FINDS
Hewlett-Packard's long-running investigation into claims of accounting irregularities by the former management team of Autonomy, the British software company it bought for more than 10 billion pounds, has concluded that the firm's main UK trading company overstated profits by 80 percent and revenues by 54 percent. ()
LLOYDS PPI COMPENSATION BILL NOW CLOSE TO 10 BLN STG
Lloyds Banking Group has set aside an extra 1.8 billion pounds to compensate customers it mis-sold payment protection insurance, taking the total cost to almost 10 billion pounds.
THREE ANGLO IRISH EXECUTIVES BLAMED FOR IRISH BANKING CRISIS GO ON TRIAL
The trial of senior executives at the bank that almost bankrupted Ireland begins this week with tight security around the Dublin courthouse where the men being blamed for the Irish banking crisis are to be tried.
The Times
RYANAIR FIGHTS BACK BY PARKING ITS AIRCRAFT IN FLAG CARRIERS' BACK YARDS
A dismal winter for Ryanair has prompted the Irish airline to plot aggressive tactics in challenging traditional flag carriers with cut-price fares at primary airports serving European capital cities.
The Independent
NEW SAINSBURY'S CHIEF MIKE COUPE INVESTS IN CONTROVERSIAL 'TAX AVOIDANCE' SCHEME
Sainsbury's new chief executive is a member of a controversial tax avoidance scheme that uses legal loopholes in a way that can reduce tax bills.
Fly On The Wall 7:00 AM Market Snapshot
ECONOMIC REPORTS
Domestic economic reports scheduled for today include:
Factory orders for December will be reported at 10:00--consensus down 1.8%
ANALYST RESEARCH
Upgrades
Allergan (AGN) upgraded to Buy from Neutral at Citigroup
Angie's List (ANGI) upgraded to Outperform from Market Perform at Barrington
BBCN Bank (BBCN) upgraded to Outperform from Market Perform at Keefe Bruyette
Bryn Mawr Bank (BMTC) upgraded to Buy from Neutral at Guggenheim
Cabot (CBT) upgraded to Buy from Neutral at SunTrust
Cathay General (CATY) upgraded to Outperform from Market Perform at Keefe Bruyette
Chevron (CVX) upgraded to Strong Buy from Outperform at Raymond James
Devon Energy (DVN) upgraded to Outperform from Neutral at Credit Suisse
Duke Realty (DRE) upgraded to Outperform from Sector Perform at RBC Capital
East West Bancorp (EWBC) upgraded to Buy from Hold at Deutsche Bank
First Republic (FRC) upgraded to Outperform from Market Perform at Keefe Bruyette
Gap (GPS) upgraded to Buy from Neutral at UBS
Gilead (GILD) upgraded to Outperform from Neutral at RW Baird
Merck (MRK) upgraded to Buy from Neutral at SunTrust
Nielsen (NLSN) upgraded to Buy from Hold at Pivotal Research
OpenTable (OPEN) upgraded to Neutral from Sell at Citigroup
Pfizer (PFE) upgraded to Buy from Hold at Jefferies
Prospect Capital (PSEC) upgraded to Buy from Hold at Wunderlich
Salesforce.com (CRM) upgraded to Buy from Neutral at Roth Capital
Wilshire Bancorp (WIBC) upgraded to Outperform from Market Perform at Keefe Bruyette
Zynga (ZNGA) upgraded to Buy from Neutral at UBS
Downgrades
Callon Petroleum (CPE) downgraded to Neutral from Buy at SunTrust
Credit Acceptance (CACC) downgraded to Market Perform from Outperform at JMP Securities
Helmerich & Payne (HP) downgraded to Underperform from Neutral at Credit Suisse
Newmont Mining (NEM) downgraded to Neutral from Overweight at JPMorgan
Peregrine (PSMI) downgraded to Neutral from Overweight at JPMorgan
U.S. Silica (SLCA) downgraded to Hold from Buy at Jefferies
Initiations
AMC Networks (AMCX) initiated with a Buy at Topeka
Brown-Forman (BF.A) initiated with a Buy at Deutsche Bank
C&J Energy (CJES) initiated with a Buy at Jefferies
GlycoMimetics (GLYC) initiated with a Buy at Canaccord
GlycoMimetics (GLYC) initiated with a Buy at Jefferies
GlycoMimetics (GLYC) initiated with a Buy at Stifel
Kofax (KFX) initiated with a Buy at Craig-Hallum
LifeLock (LOCK) initiated with a Buy at Sterne Agee
Lionsgate (LGF) initiated with a Buy at Topeka
Madison Square Garden (MSG) initiated with a Buy at Topeka
Progressive Waste (BIN) initiated with an Underperform at Macquarie
StealthGas (GASS) initiated with an Overweight at Barclays
Symantec (SYMC) initiated with a Neutral at Sterne Agee
HOT STOCKS
Anadarko (APC) sees potential damages from Tronox (TROX) proceeding up to $5.15B
Yum! Brands (YUM) reported Q4 China division SSS down 4%
Yum! Brands (YUM) CEO Novak said well positioned to deliver double digit EPS growth
SWS Group (SWS) formed special committee to review Hilltop Holdings (HTH) proposal
Duke Energy (DUK) announced pipe break, ash release at Dan River Steam Station
Silver Standard (SSRI) to purchase Marigold Mine (GG, ABX) for $275M
W.R. Grace (GRA) emerged from Chapter 11
Church & Dwight (CHD) raised its dividend 11% to 31c per share, announced $500M share repurchase plan
EARNINGS
Companies that beat consensus earnings expectations last night and today include:
Sensata (ST), Centene (CNC), Becton Dickinson (BDX), PartnerRe (PRE), Sparton (SPA), Yum! Brands (YUM), Hartford Financial (HIG), UGI Corporation (UGI), Luminex (LMNX), Take-Two (TTWO), Hologic (HOLX), Edwards Lifesciences (EW)
Companies that missed consensus earnings expectations include:
Church & Dwight (CHD), Brown & Brown (BRO), Stanley Furniture (STLY), Dun & Bradstreet (DNB), Landauer (LDR), Anadarko (APC), Peregrine (PSMI)
Companies that matched consensus earnings expectations include:
AmeriGas (APU), CareFusion (CFN)
NEWSPAPERS/WEBSITES
FCC's Wheeler skeptical about Sprint (S), T-Mobile (TMUS) deal, Reuters reports
UBS (UBS) CEO Ermotti: Selloff in emerging markets a 'bit overdone,' Bloomberg reports
Google's (GOOG) Schmidt confident of approval for Lenovo (LNVGY), Motorola deal, Reuters reports
Google (GOOG) told to move its 'mystery' barge in San Francisco, AP reports
AT&T (T) ends promotion to pay T-Mobile (TMUS) subscribers to switch providers, WSJ reports
Challenges face new Microsoft (MSFT) CEO as Wall Street watches, Reuters reports
Web firms (FB, MSFT, GOOG, YHOO) offer details about secret government requests for data, Reuters reports
Liberty Global (LBTYA), Discovery (DISCA) make joint approach to Formula One, Telegraph reports
Disney (DIS) unit to cut several hundred workers, WSJ reports
SYNDICATE
ARCA Biopharma (ABIO) files to sell common stock and warrants
Halozyme (HALO) files to sell $100M in common stock
Spherix (SPEX) files to sell 7.54M shares of common stock for holders
USA Compression (USAC) files $1B mixed securities shelf, 33.3M shares of common units
Average:
Pre Market Movers
Top Gaining Stocks
Price %Change
FURX Furiex Pharmaceut... 81.00 76.20%
ATMI Atmi Inc. 34.00 26.25%
JAZZ Jazz Pharmaceutic... 180.00 22.22%
VRX Valeant Pharmaceu... 159.48 19.59%
KORS Michael Kors Hold... 91.40 19.21%
AKRX Akorn Inc. 26.08 18.01%
POWI Power Integration... 63.41 10.55%
ALGN Align Technology ... 60.18 9.50%
NURO Neurometrix Inc. ... 2.75 8.70%
DXCM Dexcom Inc. 42.00 7.75%
WSTL Westell Technolog... 3.93 7.67%
TTF Thai Fund Inc. 10.19 7.26%
QIWI Qiwi plc 36.99 7.09%
KNDI Kandi Technologie... 12.00 6.95%
UBS Ubs AG 20.32 5.72%
ZNGA Zynga Inc. 4.74 5.57%
ITUB Itau Unibanco Hol... 12.71 5.56%
PWR Quanta Services I... 31.40 4.56%
PUK Prudential Plc Ad... 40.65 4.55%
CTSH Cognizant Technol... 99.34 4.37%
Top Losing Stocks
Price %Change
MICT Micronet Enertec ... 3.51 -28.51%
ACET Aceto Corp. 18.00 -11.11%
LNG Cheniere Energy I... 39.95 -7.18%
TTWO Take-two Interact... 17.75 -6.08%
CTIC Cell Therapeutics... 2.96 -4.82%
ARMH Arm Holdings Plc ... 43.63 -4.76%
SAVE Spirit Airlines I... 43.13 -4.22%
CWCO Consolidated Wate... 12.00 -3.77%
ARTC Arthrocare Corpor... 47.76 -2.77%
CAMT Camtek Ltd. 4.62 -2.53%
TM Toyota Motor Corp... 110.50 -2.00%
GOLD Randgold Resource... 70.36 -1.80%
HMC Honda Motor Co. L... 35.79 -1.78%
EWJ ishares Japan Ind... 10.93 -1.53%
DXJ Wisdomtree Trust ... 44.50 -1.48%
HP Helmerich & Payne... 85.00 -1.47%
BP BP Plc Ads 45.46 -1.41%
SIRI Sirius XM Radio, ... 3.50 -1.41%
AU Anglogold Ashanti... 14.65 -1.35%
LOGI Logitech Internat... 15.19 -1.30%
Read more at http://thestockmarketwatch.com/markets/pre-market/#3ofHv2gWUi8q2CPS.99
data:
ICSC-Goldman Store Sales
[Report][Bullet7:45 AM ET
Gallup US ECI
[Bullet8:30 AM ET
Jeffrey Lacker Speaks
8:30 AM ET
Redbook
[Bullet8:55 AM ET
Factory Orders
[Report][djStar]10:00 AM ET
4-Week Bill Auction
[Bullet11:30 AM ET
52-Week Bill Auction
[Bullet11:30 AM ET
Charles Evans Speaks
12:30 PM ET
futures +38
good morning
hi DA.....when you have some time, what are your thoughts on this?
it's your neat charting from way back...
Time to buy yet? or wait until 14,800ish
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87550259
14,800ish will be 10% correction from highs of 16,588
DJIA -326 oh wow.....
nice winning!
was some crazy quarter numbers...
Seattle came to play hard...
great game..
loved the Denver horse riding out at the beginning...
loved Bruno Mars....
Frontrunning:
Emerging-Market Rout Seen Enduring on Low Real Rates (BBG)
After rocky January, markets eye data and central banks (Reuters)
Europe will feel the pain of emerging markets (FT)
Lloyds delays dividend prospect after mis-selling charge (Reuters)
Snow Set to Snarl New York Commute as U.S. Flights Halted (BBG)
Rate Decision to Drive Yellen's Early Agenda (Hilsenrath)
Thai protesters move to downtown Bangkok in bid to topple PM (Reuters)
China says Japan's 'hype' on air defence zone spreads tension (Reuters)
Hedge funds seek 1.8 billion euros damages from members of Porsche's owning family (Reuters)
Euro dogged by ECB talk, emerging markets sell-off grinds on (Reuters)
N.J. Governor Christie aides face subpoena deadline in bridge scandal probe (Reuters)
Buoyant Germany boosts eurozone manufacturing (FT)
Kissinger Says Asia Is Like 19th-Century Europe on Use of Force (BBG)
US banks under pressure to step up new mortgage business (FT)
Overnight Media Digest
WSJ
* The Justice Department joined a widening investigation of banks, private-equity firms and hedge funds that may have violated anti-bribery laws in dealings with Libya's government-run investment fund.
* Actor Philip Seymour Hoffman was found dead of an apparent drug overdose late Sunday morning in his New York City apartment, police said.
* The Seattle Seahawks beat the Denver Broncos 43-8 in Sunday night's Super Bowl XLVIII in a shocking blowout that saw the greatest quarterback of his generation, Peyton Manning, look helpless against an immovable Seahawks defense.
* After a choppy start to 2014, many portfolio managers are shifting away from the kinds of investments that did exceptionally well in 2013 but are vulnerable to large swings.
* Buoyed by strong credit ratings and rising deposits, Asian banks have become bigger global players as they chase higher yields and look to diversify their business.
* Wal-Mart Stores Inc told the National Labor Relations Board that it was within its rights when it disciplined workers for taking part in short strikes, setting up a legal test of a phenomenon that is reshaping relations between companies and labor.
* Jos. A. Bank Clothiers Inc took the offensive in its effort to fend off a proposed takeover by Men's Wearhouse Inc, entering talks of its own to buy fellow apparel retailer Eddie Bauer LLC and issuing a sharply worded rebuke to its rival's latest bid to negotiate a deal.
* KKR is set to open its first office in Spain on Monday, as the buyout specialist seeks to build on its billion-euro stake in a country that is attracting a growing volume of investment from abroad.
* AstraZeneca's anti-clotting drug Brilinta was approved based on a study showing the pill saved lives and reduced heart attacks. But a drama is unfolding over whether the drug should have been approved.
FT
Seven hedge funds have filed a 1.8 billion euro ($2.43 billion) lawsuit against Porsche's chairman and another board member, accusing them of misleading the market before Porsche disclosed in late 2008 that it was eyeing control of larger rival Volkswagen.
Alitalia and Etihad Airways are in the final phase of a due diligence for the completion of an investment by the Abu Dhabi-based airline in the Italian carrier, the companies said on Sunday.
Royal Bank of Scotland's new Chief Executive Ross McEwan is planning an overhaul of the bank's top management team, hoping to strengthen its focus on retail and small business customers, according to people familiar with the matter.
Societe Generale, France's No. 2 listed bank, plans to add up to 150 staff to its bond trading business in a bid to get a stronger global foothold as most of its European banking rivals are cutting back.
Intesa Sanpaolo, Italy's biggest retail bank, is seeking to become the country's first lender to set up an internal "bad bank" since the financial crisis by setting aside a chunk of its 55 billion euros of gross non-performing loans before banking stress tests by the European regulator.
NYT
* Not only could competitors in China cut into its potential market share there, but Imax Corp has charged in several courts that the Chinese system relies on technology that was blatantly stolen from its offices in Canada.
* Growth in China's service sector slowed to a five-year low in January, an official survey showed Monday, another sign of stuttering momentum that could deepen investors' concerns about emerging markets around the world.
* After disclosures about credit and debit card breaches at several major retailers, some shoppers are making the effort to use cash in lieu of cards.
* Steven Cohen's 22-year-old hedge fund, SAC Capital Advisors, is completing plans to change its name and its corporate structure by mid-March, according to people briefed on the matter.
* After reviewing Alitalia's books for more than a month, Etihad Airways of Abu Dhabi said on Sunday that it was in serious negotiations over a possible investment in the troubled Italian airline, and it set a 30-day deadline to wrap up a deal.
* The financial downturn in Spain's newspaper industry has claimed its most prominent journalist to date, Pedro J. Ramírez, who was ousted as editor of El Mundo, the conservative newspaper he founded 25 years ago.
* As Jos. A. Bank continues to rebuff a hostile takeover bid by Men's Wearhouse, the clothier is exploring at least one alternative deal that would keep it independent. The company is in talks to buy Eddie Bauer, the outdoor clothing retailer, according to people briefed on the matter.
* Kohlberg Kravis Roberts & Co, a private equity giant with its hands in a range of businesses, from natural gas to maritime finance, has bought into a new sector: German soccer.
Canada
THE GLOBE AND MAIL
* The Canadian government plans to start buying land in Detroit for the U.S. portion of a new bridge linking the two countries, a Canadian official said in a report published Sunday, a move that bypasses opponents of the project and comes as the U.S. government hasn't yet allocated money. (http://link.reuters.com/byr56v)
* Producers of a vaccine developed to help thwart a fast-spreading swine virus that recently surfaced in Canada says the new drug is showing promise, reducing hog deaths in several American states. (http://link.reuters.com/dyr56v)
Reports in the business section:
* Canada's largest companies are leaping ahead of their peers in the United States and Britain in adding more women to their boards of directors. Women now account for 20 percent of directors on the boards of 100 of Canada's largest companies, while comparable-sized U.S. companies have 17 percent women and British boards have reached 18 per cent. (http://link.reuters.com/cyr56v)
NATIONAL POST
* The New Democratic Party (NDP) is stepping up its battle against bank machine fees, urging the government to make good on its pledge to do something about the charges that vex some Canadian consumers. (http://link.reuters.com/myr56v)
FINANCIAL POST
* More than 20,000 small business customers of telecommunications giant Bell Canada were the victims of what the company is calling an "illegal hacking" incident that left their user names and passwords publicly exposed on the Internet during the weekend. (http://link.reuters.com/jyr56v)
* Retailers are now gathering customers' location data from the pings and signals smartphones are giving off. And, chances are, if your smartphone hasn't already been tracked by these services, it will be very soon. (http://link.reuters.com/kyr56v)
Britain
The Telegraph
GSK SEEKS TO MOVE ON FROM CHINA WITH PIPELINE UPDATE
GlaxoSmithKline plans to launch late-stage clinical trials on ten new drugs over the next two years and is expected to report that sales from China are under less pressure.
FIRMS FACE EU BLACKLIST IN BRIBERY LAW CHANGE
Companies and banks that fail to prevent financial crime by their staff could face vast fines and be blacklisted from European contracts under a change to the Bribery Act being considered by the British Government.
BWIN.PARTY CALLS EGM TO CLEAR PAY DEAL
Online gambling group bwin.party has outlined plans to award top executives up to 550 percent of their annual salary as some existing bonus plans have become worthless.
The Guardian
DISCOUNT RETAILER B&M PREPARES FOR A STOCK MARKET FLOTATION
B&M, a discount retailer set up in Blackpool with just 750 pounds in 1978, is preparing for a stock market flotation that could value it at 2 billion pounds ($3.29 billion).
ECONOMIC FORECASTERS CALL FOR MEASURES TO COOL DOWN LONDON'S PROPERTY MARKET
In a special report published on Monday into the impact of rising house prices, the EY Item Club said the influx of super wealthy buyers has created bubble-like conditions in London.
The Times
LLOYDS VOWS TO RESTORE FEEL-GOOD FACTOR
Lloyds Banking Group has pledged to lend more than 1 billion pounds to small businesses and support more than 80,000 first-time buyers this year as part of an attempt to rebuild its reputation.
BAE STEPS UP CYBER CRIME FIGHT
Britain's biggest defence group is cranking up recruitment in digital security to take on the growing threat from cyber criminals. About two fifths of BAE Systems' British graduate intake this year is joining the company's cyber security unit.
Fly On The Wall 7:00 AM Market Snapshot
ECONOMIC REPORTS
Domestic economic reports scheduled for today include:
Markit final PMI for January will be reported near 9:00--consensus 53.9
ISM manufacturing index for January will be reported at 10:00--consensus 56.0
Construction spending for December will be reported at 10:00--consensus flat
ANALYST RESEARCH
Upgrades
Airgas (ARG) upgraded to Overweight from Equal Weight at First Analysis
Cabot Oil & Gas (COG) upgraded to Overweight from Equal Weight at Barclays
Columbia Banking (COLB) upgraded to Outperform from Market Perform at Raymond James
LifePoint Hospitals (LPNT) upgraded to Buy from Fair Value at CRT Capital
NVIDIA (NVDA) upgraded to Neutral from Negative at Susquehanna
NetApp (NTAP) upgraded to Overweight from Neutral at Piper Jaffray
Norfolk Southern (NSC) upgraded to Outperform from Market Perform at Wells Fargo
Northrop Grumman (NOC) upgraded to Buy from Hold at Drexel Hamilton
O'Reilly Automotive (ORLY) upgraded to Buy from Neutral at ISI Group
On Assignment (ASGN) upgraded to Buy from Hold at Deutsche Bank
PPL Corp. (PPL) upgraded to Buy from Hold at Jefferies
Palo Alto (PANW) upgraded to Outperform from Market Perform at Wells Fargo
Penn Virginia (PVA) upgraded to Equal Weight from Underweight at Barclays
Progenics (PGNX) upgraded to Buy from Hold at Needham
PulteGroup (PHM) upgraded to Positive from Neutral at Susquehanna
Rowan Companies (RDC) upgraded to Outperform from Market Perform at Raymond James
Yadkin Financial (YDKN) upgraded to Strong Buy from Outperform at Raymond James
Downgrades
Apollo Commercial (ARI) downgraded to Market Perform from Outperform at Wells Fargo
Applied Materials (AMAT) downgraded to Sector Perform from Outperform at RBC Capital
Banco Bilbao (BBVA) downgraded to Hold from Buy at Societe Generale
Bill Barrett (BBG) downgraded to Equal Weight from Overweight at Barclays
Cameco (CCJ) downgraded to Sell from Hold at Canaccord
DFC Global (DLLR) downgraded to Market Perform from Outperform at Wells Fargo
EXCO Resources (XCO) downgraded to Underweight from Equal Weight at Barclays
Eaton Vance (EV) downgraded to Sell from Neutral at Goldman
KLA-Tencor (KLAC) downgraded to Sector Perform from Outperform at RBC Capital
Lam Research (LRCX) downgraded to Sector Perform from Outperform at RBC Capital
MasterCard (MA) downgraded to Market Perform from Outperform at FBR Capital
Mattel (MAT) downgraded to Neutral from Buy at B. Riley
Mattel (MAT) downgraded to Neutral from Buy at SunTrust
Medivation (MDVN) downgraded to Hold from Buy at Needham
NVR (NVR) downgraded to Neutral from Buy at Sterne Agee
Nanometrics (NANO) downgraded to Sector Perform from Outperform at RBC Capital
Royal Dutch Shell (RDS.A) downgraded to Neutral from Overweight at HSBC
Spectranetics (SPNC) downgraded to Underperform from Market Perform at Northland
StanCorp (SFG) downgraded to Sell from Neutral at Goldman
Stone Energy (SGY) downgraded to Equal Weight from Overweight at Barclays
Swift Energy (SFY) downgraded to Underweight from Equal Weight at Barclays
WESCO (WCC) downgraded to Neutral from Buy at MKM Partners
Initiations
Forest Oil (FST) reinstated with an Underweight at Barclays
ONE Gas (OGS) initiated with a Hold at Jefferies
Seadrill Partners (SDLP) initiated with an Outperform at RBC Capital
Sungy Mobile (GOMO) initiated with an Outperform at Oppenheimer
HOT STOCKS
Smith & Nephew (SNN) to acquire ArthroCare (ARTC) for about $1.7B
Post Holdings (POST) agreed to acquire PowerBar, Musashi brands from Nestle (NSRGY)
TransCanada (TRP) said U.S. State Department report supports Keystone XL approval
JoS. A. Bank (JOSB) sent letter to Men's Wearhouse (MW) saying offer inadequate
Chevron (CVX), General Electric (GE) formed technology alliance
NextEra Energy (NEE) recommended rejection of mini-tender offer from TRC Capital
Forest Labs (FRX) filed patent suit against several companies, including Teva (TEVA)
Sony (SNE): Report on possible PC alliance with Lenovo (LNVGY) 'inaccurate'
eBay (EBAY) received second Civil Investigative Demand on January 13 related to Bill Me Later
EARNINGS
Companies that missed consensus earnings expectations include:
Cape Bancorp (CBNJ)
NEWSPAPERS/WEBSITES
Mining (RIO, BHP, AAUKY) may see a M&A revival, Bloomberg reports
Obama not ready to decide on Keystone XL pipeline (TRP), Reuters reports
Lenovo Group (LNVGY) hired security experts to help with U.S. deals (GOOG, IBM), Bloomberg reports
Yahoo (YHOO) aims to bring back search tech via new initiatives, Re/code reports
JoS. A. Bank (JOSB) in talks to acquire sportswear retailer Eddie Bauer, WSJ reports
DOJ joins investigation into finance firms (GS, CS, JPM, SCGLY, BX, OZM), Libyan dealings, WSJ reports
Sprint (S) chairman Son to meet with FCC head, WSJ reports
LinkedIn (LNKD) may have better chance of growth in China than others, FT reports
GM's (GM) Opel reaches labor agreements in German factories, Reuters reports
States want Apple (AAPL) to pay $840M over e-books, Bloomberg reports
BARRON’S
Akamai (AKAM) could rise over 25%
Stanley Black & Decker (SWK) could gain over 20% in a year or two
General Motors (GM) shares could gain over 30% this year
Ford (F) could rise 20% over the next year
Imperial Oil's (IMO, XOM) production growth could drive shares higher
Weight Watchers (WTW) shares could double over next two years
Bed Bath & Beyond (BBBY) shares are at a cheap entry point
DuPont (DD) shares could rise 15% this year
Avoid Lenovo Group (LNVGY) for now (GOOG, IBM)
Ericsson (ERIC) could add 25% in value this year (SSNLF)
SYNDICATE
Catalyst Pharmaceutical (CPRX) files to sell $100M of common stock
FireEye (FEYE) files to sell $700M in common stock
Herbalife (HLF) announces offering of $1B of convertible notes
Inovio (INO) files $125M mixed securities shelf
Martin Midstream Partners (MMLP) files to sell $300M in common units
Real Goods Solar (RSOL) files automatic mixed securities shelf
BARRON’S
Akamai (AKAM) could rise over 25%
Stanley Black & Decker (SWK) could gain over 20% in a year or two
General Motors (GM) shares could gain over 30% this year
Ford (F) could rise 20% over the next year
Imperial Oil's (IMO, XOM) production growth could drive shares higher
Weight Watchers (WTW) shares could double over next two years
Bed Bath & Beyond (BBBY) shares are at a cheap entry point
DuPont (DD) shares could rise 15% this year
Avoid Lenovo Group (LNVGY) for now (GOOG, IBM)
Ericsson (ERIC) could add 25% in value this year (SSNLF)
Is even more of a sweat when not your own money...
Pre Market Movers
Top Gaining Stocks
Price %Change
NBG National Bank of ... 4.74 6.04%
OKE Oneok Inc. 63.48 5.87%
RMTI Rockwell Medical ... 10.74 4.68%
RSX Market Vectors Ru... 26.41 4.55%
PDLI Pdl Biopharma Inc... 9.49 4.29%
CTIC Cell Therapeutics... 3.31 3.76%
GIMO Gigamon 31.50 3.41%
AMBA Ambarella Inc. 33.02 3.09%
ALV Autoliv Inc. 93.06 2.64%
JO ipath Dj-ubs Coff... 25.50 2.57%
HLF Herbalife 66.00 2.53%
GOLD Randgold Resource... 70.56 2.41%
EGHT 8x8 Inc 10.38 2.37%
TWC Time Warner Cable... 136.35 2.31%
TAL Tal International... 44.00 2.25%
MZOR Mazor Robotics Lt... 25.57 2.16%
NVO Novo Nordisk A/s ... 40.50 2.09%
BBD Banco Bradesco S.... 10.74 1.99%
SIRI Sirius XM Radio, ... 3.65 1.96%
ADVS Advent Software I... 33.50 1.95%
Top Losing Stocks
Price %Change
GALE Galena Biopharma ... 4.78 -9.30%
JOSB Jos. A. Bank Clot... 53.02 -5.69%
ZNGA Zynga Inc. 4.25 -3.41%
INO Inovio Pharmaceut... 2.50 -3.10%
LYG Lloyds Banking Gr... 5.32 -2.92%
S Sprint Corporatio... 8.04 -2.78%
UNG United States Nat... 23.56 -2.56%
SBS Companhia de Sane... 8.90 -2.52%
DEG Delhaize Group 62.38 -2.50%
CETV Central European ... 2.90 -2.36%
XCO Exco Resources 5.01 -2.34%
BBVA Banco Bilbao Vizc... 11.64 -2.27%
SNE Sony Corp. Ads 15.40 -2.22%
FEYE Fireeye Inc. 71.49 -2.06%
OPK Opko Health 7.77 -2.02%
SFY Swift Energy Co. ... 12.13 -2.02%
IMAX Imax Corp. 27.15 -1.95%
BIDU Baidu Inc. Ads 153.50 -1.92%
BCOM B Communications ... 13.08 -1.87%
VOD Vodafone Group Pl... 36.38 -1.83%
Read more at http://thestockmarketwatch.com/markets/pre-market/#bdU3TCSPhYO2KPO9.99
data:
Motor Vehicle Sales[Report][djStar]
Gallup US Consumer Spending Measure
[Bullet8:30 AM ET
PMI Manufacturing Index
[Report][djStar]8:58 AM ET
ISM Mfg Index
[Report][Star]10:00 AM ET
Construction Spending
[Report][djStar]10:00 AM ET
4-Week Bill Announcement
[Bullet11:00 AM ET
3-Month Bill Auction
[Bullet11:30 AM ET
6-Month Bill Auction
[Bullet11:30 AM ET
Futures -30
good morning
But predicting......Seattle wins....
Earnings Preview for the week of February 3 - 7
Monday:
Pre Market - SYY, GOLD
After Hours - SU, HIG, YUM, APC, PFG, UGI, CCK, MDU, PRE, APU, TMK, CFN, TTWO, GGP, HOLX, EW
Tuesday:
Pre Market - BP, ADM, HCA, IP, UPS, EMR, ETN, DLPH, AGCO, CNC, ACM, BDX, BSX, R, FIS, AXe, SE, GCI, ABG, CLX, MHFI, SIRI, XYL, KORS, CHD, ACI, CME
After Hours - AFL, CHRW, AMP, GILD, BSAC, UNM, GNW, GAS, ATO, CERN, EQR, CVD, DV, BWLD
Wednesday:
Pre Market - MRK, HUM, TWX, ARW, EL, ADP, CTSH, GPI, CCE, RL, AGN, LVLT, NS, IACI, NDAQ, CVG,
After Hours - DIS, PAGP, PRU, PAA, TSO, ALL, ARMK, MRO, LNC, AIZ, CBG, ORLY, GMCR, XL, CNW, FISV, NXPI, RE, CINF, THG, FMC, WGL, GPRE, AKAM, SFLY, TWTR, P, YELP
Thursday:
Pre Market - SNE, GM, AET, FOXA, AZN, CS, EXC, BCE, TEVA, CMI, K, PPL, SEE, INGR, NU, SPR, AAP, NBL, RFP, ADS, WEC, GPK, NUS, PRGO, TW, USG, AOL, VMC, SMG, MWW, DNKN, PBH
During Market Hours - PM
After Hours - ATVI, RSG, FTI, EXPE, LGF, ONNN, TPX, OUTR, LNKD, BYI, VRSN, ATHN, OPEN,
Friday:
Pre Market - MT, CI, LH, UFS, BPL, WYN, AXL, MCO, BEAM, APO, MSG, FLIR, SIRO, CBOE
After Hours - CCJ
TRADER RADAR 2/03 to 2/07 EARNINGS and ECONOMIC
Monday, February 3
US Economics (Time Zone: EST)
08:58 Markit US PMI Final (Jan) - expected 53.8, preliminary 53.7
10:00 ISM Manufacturing (Jan) - exp 56.0, prior 57.0
10:00 ISM Prices Paid - exp 54.0, prior 53.5
10:00 Construction Spending (Dec) - exp 0.0%, prior 1.0%
Total Vehicle Sales - exp 15.7M, prior 15.3M
Domestic Vehicle Sales - exp 12M, prior 11.65M
11:00 Fed to purchase $1b-$1.5b bonds in 23 to 30-year range
11:30 Treasury selling $28b 3-month, $20b 6-month bills
Global Economics (Time Zone: GMT)
CNY Manufacturing PMI
01:00 CNY Non-manufacturing PMI
09:00 EUR Eurozone Manufacturing PMI (final estimate)
09:30 GBP Manufacturing PMI
Earnings
Before:
Sysco (SYY)
After:
Anadarko Petroleum (APC)
Yum! Brands (YUM)
American Capital Agency (AGNC)
Tuesday, February 4
US Economics (Time Zone: EST)
10:00 Factory Orders - expected -1.6%, prior 1.8%
11:00 Fed to purchase $2.25b-$3b notes in 7 to 10-year range
11:30 Treasury selling $18b 52-week and 4-week bills
Fedspeak
8:30am Lacker (hawk, nonvoter) speaking in Virginia
12:30pm Evans (dove, nonvoter) speaking in Detroit
Global Economics (Time Zone: GMT)
JPY Monetary Base (Jan)
03:30 AUD RBA Rate Decision
09:30 GBP Construction PMI
Earnings
Before:
Archer-Daniels-Midland (ADM)
Emerson Electric (EMR)
International Paper (IP)
AGCO (AGCO)
Sirius XM (SIRI)
Arch Coal (ACI)
CME Group (CME)
HCA Holdings (HCA)
McGraw Hill Financial (MHFI)
After:
Gilead Sciences (GILD)
Buffalo Wild Wings (BWLD)
Wednesday, February 5
US Economics (Time Zone: EST)
07:00 MBA Mortgage Applications
08:15 ADP Employment Change - expected 190K, prior 238K
10:00 ISM Non-manufacturing Composite - exp 53.7, prior 53.0
11:00 Fed buying $2.25b-$3b notes in 7.5 to 10-year range
Fedspeak
12:30pm Plosser (moderate hawk, voter) speaks in NY
1:40pm Lockhart (dove, nonvoter) speaks in Alabama
Global Economics (Time Zone: GMT)
NZD Employment Change
09:00 EUR Eurozone Services PMI (final)
09:30 GBP Services PMI
10:00 EUR Eurozone Retail Sales
Earnings
Before:
Merck (MRK)
Time Warner (TWX)
Humana (HUM)
Ralph Lauren (RL)
After:
Allstate (ALL)
Walt Disney (DIS)
Tesoro (TSO)
Marathon Oil (MRO)
Atmel (ATML)
Green Mountain Coffee Roasters (GMCR)
Prudential Financial (PRU)
Akamai Tech (AKAM)
Shutterfly (SFLY)
Twitter (TWTR)
Pandora (P)
Yelp (YELP)
Thursday, February 6
US Economics (Time Zone: EST)
07:30 Challenger Job Cuts YoY - prior -5.9%
08:30 Initial Jobless Claims - expected 335K, prior 348K
08:30 Continuing Claims - exp 3025K, prior 2991K
08:30 Trade Balance (Dec) - exp -$36B, prior -$34.3B
08:30 Nonfarm Productivity (4Q preliminary) - exp 2.5%, prior 3.0%
08:30 Unit Labor Costs - exp -0.5%, prior -1.4%
11:00 Fed buying $1b-$1.5b bonds in 23 to 30-year range
Fedspeak
5:30pm Rosengren (dove, nonvoter) speaks in Sarasota, FL
Global Economics (Time Zone: GMT)
JPY Japanese Investors Purchases of Foreign Bonds/Stocks
00:30 AUD Trade Balance
00:30 AUD Retail Sales
07:00 CHF Trade Balance
11:00 EUR German Factory Orders
12:00 GBP BoE Rate Decision
12:45 EUR ECB Rate Decision
15:00 CAD Ivey PMI
Earnings
Before:
Cummins (CMI)
Noble Energy (NBL)
Exelon (EXC)
Nu Skin Enterprises (NUS)
Advance Auto Parts (AAP)
Alliance Data Systems (ADS)
General Motors (GM)
Aetna (AET)
Kellogg (K)
Twenty-First Century Fox (FOXA)
Ally Financial (ALYF)
After:
Activision Blizzard (ATVI)
Lions Gate (LGF)
Tempur Sealy (TPX)
LinkedIn (LNKD)
Expedia (EXPE)
News Corp (NWSA)
AOL (AOL)
Dunkin Brands (DNKN)
Friday, February 7
US Economics (Time Zone: EST)
08:30 DOL announces employment annual revisions
08:30 Nonfarm Payrolls - expected 184K, prior 74K
08:30 Private Payrolls - exp 190K, prior 87K
08:30 Manufacturing Payrolls - exp 10K, prior 9K
08:30 Unemployment Rate - exp 6.7%, prior 6.7%
08:30 Average Hourly Earnings YoY
3:00 Consumer Credit - exp $12B, prior $12.31B
Global Economics (Time Zone: GMT)
00:30 AUD RBA Statement on Monetary Policy
01:45 CNY HSBC/Markit Services PMI
05:00 JPY Leading Index (Dec preliminary)
07:00 EUR German Trade Balance
09:30 GBP Trade Balance
09:30 GBP Industrial and Manufacturing Production
11:00 EUR German Industrial Production
15:00 GBP NIESR GDP Estimate
Earnings
Before:
Apollo Global (APO)
Wyndham Worldwide (WYN)
Madison Square Garden (MSG)
Read more: http://www.minyanville.com/business-news/markets/articles/ecb-rate-decision-OMT-money-market/1/31/2014/id/53600#ixzz2s13EogEk